As discussed earlier Fibonacci fan helps in finding potential tops and Bottom of market from short term prospective. If we see the chart closely with Fibonacci fans 5945-5963 is level of resistance, and 5841 is level of support Nifty made a low around that level and bounced back.

Nifty Weekly Chart

Nifty has formed Bullish engulfing pattern after 4 weeks of consolidation pattern closed the week positive with gain of 107 points @ 6016.Next week we would require the follow up move with a close above 6073 on weekly basis